Short Interest in Chatham Lodging Trust (NYSE:CLDT) Rises By 32.4%

Chatham Lodging Trust (NYSE:CLDT) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 470,000 shares, an increase of 32.4% from the January 15th total of 354,900 shares. Based on an average trading volume of 287,100 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

Separately, Alliance Global Partners initiated coverage on Chatham Lodging Trust in a report on Wednesday, December 11th. They issued a “buy” rating and a $12.00 target price for the company.

Hedge Funds Weigh In On Chatham Lodging Trust

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in Chatham Lodging Trust during the 4th quarter valued at $25,000. Quarry LP increased its holdings in Chatham Lodging Trust by 23.5% during the 4th quarter. Quarry LP now owns 7,487 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,423 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Chatham Lodging Trust during the 4th quarter valued at $68,000. Creative Planning acquired a new stake in Chatham Lodging Trust during the 3rd quarter valued at $89,000. Finally, Ballentine Partners LLC acquired a new stake in Chatham Lodging Trust during the 4th quarter valued at $102,000. 88.37% of the stock is owned by institutional investors and hedge funds.

Chatham Lodging Trust Price Performance

Shares of CLDT traded down $0.06 during mid-day trading on Friday, reaching $8.45. The company had a trading volume of 172,076 shares, compared to its average volume of 226,428. Chatham Lodging Trust has a twelve month low of $7.60 and a twelve month high of $10.72. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average is $8.94 and its 200-day moving average is $8.68.

Chatham Lodging Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.07 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.32%. Chatham Lodging Trust’s payout ratio is presently -121.73%.

About Chatham Lodging Trust

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust (REIT) focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. The company owns 39 hotels totaling 5,915 rooms/suites in 16 states and the District of Columbia.